Barclays Third Quarter 2024 Earnings: Beats Expectations

Barclays (LON:BARC) Third Quarter 2024 Results

Key Financial Results

• Revenue: UK£6.17b (up 6.0% from 3Q 2023).
• Net income: UK£1.56b (up 23% from 3Q 2023).
• Profit margin: 25% (up from 22% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: UK£0.11 (up from UK£0.083 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Barclays Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) also surpassed analyst estimates by 25%.

Looking ahead, revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Banks industry in the United Kingdom.

Performance of the British Banks industry.

The company's shares are up 1.2% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for Barclays that you should be aware of before investing here.

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